FX.co - GBP/USD facing strong bearish pressure after breaking key support, big upcoming drop!

2019-04-24T02:37:46

Long-term review

Entry : 1.2973

Why it's good : horizontal overlap resistance, 23.6% fibonacci retracement, short term descending line

Stop Loss : 1.30349

Why it's good : horizontal swing high resistance, 50% fibonacci retracement

Take Profit : 1.2774

Why it's good : horizontal swing low support, 61.8% fibonacci retracement

GBP/USD facing strong bearish pressure after breaking key support, big upcoming drop!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ GBP/USD facing strong bearish pressure after breaking key support, big upcoming drop!